News Highlight Thursday, June 13, 2024

A constrained budget under the long shadow of IMF stipulations – Neutral
https://epaper.brecorder.com/2024/06/13/1-page/995514-news.html

No amount from IMF loans budgeted for budgetary support – Negative
https://epaper.brecorder.com/2024/06/13/5-page/995558-news.html

Budget termed overall positive for market – Positive
https://epaper.brecorder.com/2024/06/13/5-page/995560-news.html

Fiscal deficit target of 6.9pc of GDP? Set – Neutral
https://epaper.brecorder.com/2024/06/13/1-page/995522-news.html

3.6pc economic growth, that too is conditional – Neutral
https://www.thenews.com.pk/print/1199955-3-6pc-economic-growth-that-too-is-conditional

Exemptions withdrawn; Rs1.8trn new taxation measures unveiled – Neutral
https://epaper.brecorder.com/2024/06/13/1-page/995518-news.html

Remittances via formal route; Rs86.9bn set aside for TT charges refund – Neutral
https://epaper.brecorder.com/2024/06/13/4-page/995551-news.html

Rs1368.874m earmarked for development schemes in PSDP – Positive
https://epaper.brecorder.com/2024/06/13/3-page/995535-news.html

Rs30bn sell-off income target set – Neutral
https://epaper.brecorder.com/2024/06/13/16-page/995672-news.html

Maximum tax rate for non-salaried class hiked to 45pc – Negative
https://www.thenews.com.pk/print/1199959-maximum-tax-rate-for-non-salaried-class-hiked-to-45pc

Rs9.775trn to be spent on debt servicing – Negative
https://epaper.brecorder.com/2024/06/13/1-page/995524-news.html

Defence budget raised by 17.6pc – Neutral
https://epaper.brecorder.com/2024/06/13/4-page/995549-news.html

Finance Bill 2024: New ‘late filers’ category introduced – Neutral
https://www.brecorder.com/news/40308249/finance-bill-2024-new-late-filers-category-introduced

Govt proposes increase in PL rate – Negative
https://epaper.brecorder.com/2024/06/13/3-page/995536-news.html

Petroleum minister says country unlikely to buy spot LNG – Negative
https://www.thenews.com.pk/print/1199816-petroleum-minister-says-country-unlikely-to-buy-spot-lng

A whopping 103.7pc raise in power subsidy – Positive
https://epaper.brecorder.com/2024/06/13/1-page/995521-news.html

Concessions on import, solar panel making welcomed – Positive
https://www.dawn.com/news/1839536/concessions-on-import-solar-panel-making-welcomed

Value of vehicle, not its engine capacity, to determine tax – Negative
https://www.thenews.com.pk/print/1199967-value-of-vehicle-not-its-engine-capacity-to-determine-tax

Tax breaks on hybrid, luxury EVs ended ‘to boost local industry’ – Positive
https://www.dawn.com/news/1839590/budget-2024-25-tax-breaks-on-hybrid-luxury-evs-ended-to-boost-local-industry

Coal, gypsum and plastic waste; 80pc GST withholding rate on supplies proposed – Negative
https://epaper.brecorder.com/2024/06/13/1-page/995519-news.html

Non-tax revenue: Rs32.6bn earmarked from 4G/5G licences – Neutral
https://epaper.brecorder.com/2024/06/13/4-page/995550-news.html

Prepaid internet, phone cards; Govt increases IT rate for non-filers – Negative
https://epaper.brecorder.com/2024/06/13/16-page/995665-news.html

Scope of EFC curtailed – Neutral
https://epaper.brecorder.com/2024/06/13/1-page/995525-news.html

Rs539bn financing to be provided to export sector thru SBP – Neutral
https://epaper.brecorder.com/2024/06/13/7-page/995571-news.html

Three key tax measures introduced for real estate – Negative
https://www.thenews.com.pk/print/1199964-three-key-tax-measures-introduced-for-real-estate

Property transactions; Progressive tax rates announced – Negative
https://epaper.brecorder.com/2024/06/13/1-page/995517-news.html

RD imposed/ raised on wide range of items – Negative
https://epaper.brecorder.com/2024/06/13/1-page/995515-news.html

Rs12.56bn allocated for Ministry of Food Security & Research – Neutral
https://epaper.brecorder.com/2024/06/13/15-page/995660-news.html

GST imposed on milk, milk products, LPG, stationery, newsprint, PCs, laptops – Negative
https://www.thenews.com.pk/print/1199972-gst-imposed-on-milk-milk-products-lpg-stationery-newsprint-pcs-laptops

BISP allocated Rs598.71bn – Positive
https://epaper.brecorder.com/2024/06/13/16-page/995671-news.html

ST exemption on supplies to charitable hospitals removed – Neutral
https://epaper.brecorder.com/2024/06/13/4-page/995555-news.html

Education gets Rs103.78bn – Neutral
https://epaper.brecorder.com/2024/06/13/3-page/995538-news.html

Tajir Dost Scheme; Traders failing to register could face imprisonment – Negative
https://epaper.brecorder.com/2024/06/13/4-page/995554-news.html

Budget has failed to live up to our expectations: PBC – Neutral
https://www.brecorder.com/news/40308251/budget-has-failed-to-live-up-to-our-expectations-pbc

Opposition rejects ‘anti-people’ budget
https://www.thenews.com.pk/print/1199960-opposition-rejects-anti-people-budget

World will amass ‘major’ oil surplus by 2030: IEA
https://epaper.brecorder.com/2024/06/13/16-page/995668-news.html

Oil slips on US growth worries, ample crude supply
https://www.reuters.com/business/energy/oil-slips-us-growth-worries-ample-crude-supply-2024-06-13/